Transic Corporation Has the Following Financial Data for 2016 and 2017

question 20

Multiple Choice

Transic Corporation has the following financial data for 2016 and 2017. $\begin{array}{lrr}&2017&2016\\\text { ASSETS }\\\text { Current Assets: }\\\text { Cash } & \$ 48,000 & \$ 14,000 \\\text { Marketable Securities } & 9,000 & 13,000 \\\text { Accounts Receivable } & 35,000 & 24,000 \\\text { Other Current Assets } & 15,000 & 18,000 \\\text { Total Current Assets } & 107,000 & 69,000\\\text { Fixed Assets (net) } & 140,000 & 130,000 \\\text { Total Assets } & \$ 247,000 & \$ 199,000\\\\\text { LIABILITIES }\\\text { Current Liabilities } & \$ 72,000 & \$ 52,000 \\\text { Long-term Liabilities } & 50,000 & 37,000 \\\text { Total Liabilities } & \$ 122,000 & \$ 89,000\\\text { Total Stockholders' Equity } & \$ 125,000 & \$ 110,000 \\\text { Total Liabilities And Stockholders' Equity }& \$ 247,000 & \$ 199,000\end{array}$ ? What is Transic's working capital for 2017?

• A) $35,000
• B) $125,000
• C) $90,000
• D) $18,000

Explore the role of cultural and social influences on the expression and perception of emotions.

Describe the physiological changes associated with different emotions.

Comprehend the components and types of love as outlined in Sternberg's theory.

Identify the concept and implications of the facial-feedback hypothesis.

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Definitions:

Trademarks

Identifiable symbols, names, or expressions legally registered or established by use as representing a company or product.

Proportionate Book Value

An approach to valuing a company based on the book value of its assets and liabilities, adjusted proportionally for partial interests.

Initial Value Method

An accounting approach where investments are recorded at their original cost without subsequent adjustment for market fluctuations.

Treasury Stock Approach

The treasury stock approach is a method of accounting where shares bought back by the issuing company are not considered in calculating earnings per share or dividends.